Bidders for the jewel in Cork’s €20m tourism crown came from India, Taiwan, the US, Europe, China, and Cork — with a Chinese family, the Kangs, yesterday coming up trumps.

Cork’s Radisson Blu Hotel which was developed at a cost of €37m, is for sale for €8m, with strong trading figures and good profits clocked up over the past three years.

THE former Bandon, Cork Road HQ of Fleming Construction — in receivership and with group debts of €1bn — is for sale.

THE former Nemo Rangers site, easily developed and in a cracking inner-suburban setting in Cork City, was expensively acquired by the Fleming Group, and is now for sale for its receivers.

KILWORTH, CO CORK €49,000

A TRUE litmus test of who’s left with an appetite to build new houses, on one of Cork city’s best residential sites, is on the cards for early in 2013.

ZONED development landbanks assembled by the Fleming Group over the past decade is coming up for sale in Blarney, Mallow and Clonakilty — and some may sell for little over farm value, and quite possibly to previous farmer owners of the lands.

A wealthy Thai businessman with an impressive portfolio of Asian golf properties is one of the favourites to become the new owner of the prestigious Fota Island Resort in Cork, with a sale expected to go through this month.

CORK International Airport Hotel should fly at its €4.75 million asking price, given its quality, location — and trading figures.

FOTA ISLAND’S acclaimed Golfand Spa resort will be put on the open market by the National Asset Management Agency (NAMA) “within weeks”.

ADMINISTRATORS to bankrupt developer John Fleming’s British property empire have secured planning permission for a 225-bedroom three-star hotel, 158 residential units and commercial units on land owned by Fleming Developments UK on Olympic Way near Wembley stadium in north-west London.

Thirty firms went bust every week last year, a business study revealed today.

Having loans in NAMA is no reason for some Irish developers to stop building, especially on foreign shores, writes John Hearne

ALLIED IRISH BANKS is seeking €26 million from Cork businessman and developer John Fleming, on loans used to buy into a US energy company.

ULSTER Bank’s move on €100 million worth of Cork city property assets belonging to the Frinailla Group is the largest market casualty to date yet in the southern city.

MORE than 400 companies have been declared insolvent in the first three months of 2010, a more than 200% increase on the same period in 2008.

Figures released today show a 25% increase in business insolvencies in the first quarter of 2010 compared to the same period last year, up from 320 to 402.

GOLF directors at Cork’s Fota Island Resort insist it is business as usual despite the appointment of a receiver at the prestigious facility last week.

West Cork was today reeling from the news that up to 140 people are set to lose their jobs, following the Supreme Court decision to reject a restructuring plan for the Bandon-based Fleming Construction Group.

The Supreme Court has withdrawn court protection from the Fleming Construction Group which will now go to the wall with debts of €1bn.

The Supreme Court will today decide the fate of the struggling Fleming Construction Group which has debts of €1bn euro.

The Supreme Court will rule early next year on whether to approval a survival plan for three companies in the Fleming group.

The survival scheme for the Fleming construction group which has debts of €1bn does not contain any commitment of continuing financial support from its banking creditors, the Supreme Court heard today.

NOVEMBER, Friday 13, 2009, might have gone down as a fateful, black day in west Cork – but developer John Fleming bucked the ominous nature of the date when the High Court approved a rescue plan for his troubled companies.

STARWOOD, the owners of the luxury Sheraton brand, and the Fota Island Corporation have agreed to go their separate ways from next month.

AN examiner was appointed by the High Court yesterday to rescue a company within developer John Fleming’s construction group after the Dutch-owned ACC Bank failed in its bid to have a receiver appointed.

EXPOSURE? It is a long way from the exposed West Cork coastline and the scenic Seven Heads to money-mill windfarms in the mid-west of the United States of America, but that’s just one of the journeys taken by John Fleming.

CORK-based steel frame building firm Fusion Building Systems has acquired British company Framing Solutions in a multi-million euro deal.

YEP, Courtmacsherry is hot, witness the sell-out of the new Fleming Group development Cois Cuain last weekend, and the demand and hoopla will probably stand to the private vendor of a house in an earlier Flemings scheme in nearby Meadowlands.

PHASE two of the West Cork Business and Technology Park at Clonakilty involving a total investment of €50 million was launched over the weekend by Taoiseach Bertie Ahern.

TYPICAL. You wait for years for a tourism project like a five-star hotel and golf course, holiday lodges dotted along the fairways, plus a spa...and then two come along almost at once.

A VISIT to Ireland by the Queen is on the cards — it’s just a matter of timing, the British Ambassador to Ireland said yesterday.

FOTA Island’s golf course and 550 acres of land have been sold to clear the way for a €130 million development.